Honeywell 2011 Annual Report Download - page 110

Without Impact of
Medicare Subsidy Net of
Medicare Subsidy
2012 $ 180 $ 167
2013 168 156
2014 157 145
2015 147 136
2016 137 126
2017-2021 551 499
Employee Savings Plans
We sponsor employee savings plans under which we match, in the form of our common stock, savings plan contributions for certain eligible employees.
Shares issued under the stock match plans were 2.6, 2.4, and 4.8 million at a cost of $138, $105 and $158 million in 2011, 2010, and 2009, respectively.
Note 23. Segment Financial Data
We globally manage our business operations through four reportable operating segments serving customers worldwide with aerospace products and
services, control, sensing and security technologies for buildings, homes and industry, automotive products and chemicals. Segment information is consistent
with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. Our four reportable
segments are as follows:
•Aerospace includes Air Transport and Regional, Business and General Aviation and Defense and Space and provides products and services
which include auxiliary power units; propulsion engines; environmental control systems; electric power systems, engine controls; repair and
overhaul services; flight safety, communications, navigation, radar and surveillance systems; aircraft lighting; management and technical
services; logistic services; advanced systems and instruments; and aircraft wheels and brakes.
•Automation and Control Solutions includes Energy, Safety & Security (controls for heating, cooling, indoor air quality, ventilation,
humidification, lighting and home automation; advanced software applications for home/building control and optimization; sensors, switches,
control systems and instruments for measuring pressure, air flow, temperature and electrical current; security, fire and gas detection; personal
protection equipment; access control; video surveillance equipment; remote patient monitoring systems; and automatic identification and data
collection); Process Solutions (provides a full range of automation and control solutions for industrial plants, offering advanced software and
automation systems that integrate, control and monitor complex processes in many types of industrial settings as well as equipment that controls,
measures and analyzes natural gas production and transportation); and Building Solutions & Distribution (installs, distributes, maintains and
upgrades systems that keep buildings safe, comfortable and productive).
•Performance Materials and Technologies includes Advanced Materials (fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium
sulfate for fertilizer, specialty films, waxes, additives, advanced fibers, customized research chemicals and intermediates, and electronic materials
and chemicals) and UOP (catalysts and adsorbents).
• Transportation Systems includes turbochargers, thermal systems, brake hard parts and other friction materials.
The accounting policies of the segments are the same as those described in Note 1. Honeywell's senior management evaluates segment performance
based on segment profit. Segment profit is measured as business unit income (loss) before taxes excluding general corporate unallocated expense, other
income (expense), interest and other financial charges, pension and other postretirement benefits (expense), stock compensation expense, repositioning and
other charges and accounting changes.
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